[Federal Register Volume 71, Number 119 (Wednesday, June 21, 2006)]
[Notices]
[Pages 35608-35609]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-9685]


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DEPARTMENT OF COMMERCE


Submission for OMB Review; Comment Request

    The Department of Commerce (DOC) has submitted to the Office of 
Management and Budget (OMB) for clearance the following proposal for 
collection of information under the provisions of the Paperwork 
Reduction Act (44 U.S.C. Chapter 35).
    Agency: Bureau of Economic Analysis (BEA), Commerce.
    Title: Quarterly Survey of Financial Services Transactions Between 
U.S. Financial Services Providers and Unaffiliated Foreign Persons.
    Form Number(s): BE-85.
    Agency Approval Number: 0608-0065.
    Type of Request: Extension of a currently approved collection.
    Burden: 5,000 hours.
    Number of Respondents: 125 per quarter, 500 annually.
    Average Hours Per Response: 10 hours.
    Needs and Uses: The BE-85, Quarterly Survey of Financial Services 
Transactions Between U.S. Financial Services Providers and Unaffiliated 
Foreign Persons, obtains quarterly data from financial services 
providers that have receipts from or payments to unaffiliated foreign 
persons in the financial services covered by the survey. The data are 
needed to monitor trade in financial services, analyze its impact on 
the U.S. and foreign economies, compile and improve the U.S. economic 
accounts, support U.S. commercial policy on financial services, conduct 
trade promotion, and improve the ability of U.S. businesses to identify 
and evaluate market opportunities.

[[Page 35609]]

    The data from the survey are primarily intended as general purpose 
statistics. They are needed to answer any number of research and policy 
questions related to cross-border trade in financial services.
    Affected Public: U.S. businesses, state and local governments, non-
profit institutions or other for-profit institutions.
    Frequency: Quarterly.
    Respondent's Obligation: Mandatory.
    Legal Authority: International Investment and Trade in Services 
Survey Act (Pub. L. 94-472, 22 U.S.C. 3101-3108) and section 5408 of 
the Omnibus Trade and Competitiveness Act of 1988 (Pub. L. 100-418, 15 
U.S.C. 4908(b)).
    OMB Desk Officer: Paul Bugg, (202) 395-3093.
    You may obtain copies of the above information collection proposal 
by writing Diana Hynek, Departmental Paperwork Clearance Officer, 
Office of the Chief Information Officer, Department of Commerce, Room 
6625, 14th and Constitution Avenue, NW., Washington, DC 20230, or e-
mail [email protected].
    Send comments on the proposed information collection within 30 days 
of publication of this notice to the Office of Management and Budget, 
O.I.R.A., Attention PRA Desk Officer for BEA, e-mail [email protected], 
or by FAX at 202-395-7245.

    Dated: June 15, 2006.
Madeleine Clayton,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. E6-9685 Filed 6-20-06; 8:45 am]
BILLING CODE 3510-06-P